Show Exchange Reforms Needed By fly Ira ra C. C Tichenor Hc 1 I E annual annual- meeting of the members of the Salt Lake Stock 1 exchange hange will be held tomorrow for the purpose of electing hers ibers of the board of governors and voting upon any amends amend- amend s to the rules which may be offered kS s th result of ot the movement launched some ome time ago ago agoto to put a stop stople le pernicIous f seUer seller sixty pl plan n o of ot operating It Is declared that a n. largo large largey rity y of the ers brokers have signified their intention of QZ voting In favor of o hl 1 this form torm of trading There Sere can b be no doubt that tha trading in in n futures as the seller seUer sixty deats deals can be described constitutes one of ot t the e deterrent influences at work I he e local stock market It is considered a n. certainty that this method of oi of g has resulted in much of at the distrust which has as been engendered In minds of the Investing public In connection wah transactions on the I board and that this distrust has hag been materially increased by Y l short abort Igns against particular ar stocks within the past few months Possibly some come of t the Investors have themselves to blame for their own ownby owne e by reason of ot the fact tact that tha they have permitted their heir stock to remain e ands anda of ot brokers who may maybe be operating on the short end tb thus s giving L brokers an opportunity of at using tho the stock for their own o purpose and aps ps against the best Interests of t the owners t j would seem that the Interests of the investing pu public Uc whose continued nage la le essential to the success of the exchange echane demands ne ne abolition e seller sixty practice Some method also should be adopted that would put a stop to or l lessen easen e 11 ii habit of at stock borrowing which often Is resorted to in connection n ort campaigns particularly as a protection to confiding brokers While the activity In connection with assessment sales has diminished to erable extent as the result of at some timely publicity in recent months rould rd d seem that the interests of the Investing public and of or the ex exchange exchanger hange r demand mand that some ome means be adopted whereby all suspicion lon In c connection assessment sal sales s might The board of ot governors following the disclosures s In connection with a a. 3 assessment sale adopted a resolution inviting companies om anies to hold I sales on the floor of the exchange For varlo various s reasons no nop noy p pany y has yet accepted the i invitation Possibly the rules might be be changed to make it tt compulsory ry on the part anies whose headquarters are located In Utah and who whose e stocks are aren n the local board to hold th their ir assessment assessment sales on th the floor of th the lange ange Certain Tain ain it Is that the Uie exchange has s thrown safeguards about its members with their transactions and it would seem th that t it St is just as tm to protect the interests or of the investing public public whose business tho the lange lanS' seeks I |